Concrete Cooling Market Growth 2019 | Kirloskar Pneumatic Company Limited, North Star Ice Equipment, Focusun Ice Machine, Coldcrete., Fujian Snowma., Kirloskar Pneumatic
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Middle East, led by Qatar, UAE and Saudi Arabia concrete cooling market size, is one of the major regional industries owing to extremely hot climatic conditions and infrastructure growth opportunities. Infrastructure development is a major form of business in middle east, from highways &road, huge commercial projects to ports & plants every structure requires to meet the strength and specification to serve its purpose and driving the market share.
Global concrete cooling market share is diverse in nature including upstream players, raw material suppliers, downstream stakeholders, end-users, vendors and government organization. Some key players are:
• KTI-Plersch Kältetechnik GmbH
• Fujian Snowma
• Kirloskar Pneumatic
• North Star Ice Equipment Corp
• Focusun Refrigeration Corp.
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Concrete Cooling Market size will grow significantly owing to expansion to infrastructure development in BRICS nations. Since construction industry is humongous in these countries, the concrete cooling systems demand can remain high in these nations.
Construction industry in APAC was valued at over USD 1.5 billion in 2015 and is forecast to grow at a rate of 5% CAGR by 2024. APAC, led by India, Japan and China concrete cooling market size is likely to witness steady gains over the forecast timeframe.
Concrete water cooling system is fastest growing segment in the market, by type due to its attributes like simple functionality, availability and cost effectiveness. In Middle-East, demand for water cooling systems has grown across diverse segments, hence creating opportunity for industry growth. Technological innovations in the product portfolio is another driver for industry growth, KTI, a Germany based company, uses film evaporators instead of using shell and tube heat exchangers to increase product efficiency.
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